Nextra too denies talks with ACT Fibernet for sale

"Even more, now with an “A” Category ISP license, we have further expanded our services in other states like Rajasthan, U.P, Haryana, Maharashtra, Punjab and will soon be operational in other parts of India," Bansal said.ETTelecom | July 25, 2017, 09:44 IST

NEW DELHI: Delhi based internet service provider Nextra Teleservices has denied holding any talks with ACT Fibernet regarding possible acquisition or investment. Last week, Atria Convergence Technologies CEO Bala Malladi told ET that the company was in talks with players like Nextra, Spectranet and Excitel Broadband for a possible acquisition, which would allow the former to expand presence in the country and provide reach in newer markets beyond the south region.

Nikhil Bansal, CEO, Nextra Teleservices, in a statement said “We are a self-sustained organization with a growing customer base. Claims made by ACT are baseless and do not hold any credibility."

"Even more, now with an “A” Category ISP license, we have further expanded our services in other states like Rajasthan, U.P, Haryana, Maharashtra, Punjab and will soon be operational in other parts of India," Bansal said.

The executive said that the company is well focused on our expansion and look forward to reach out to tier 2 and tier 3 cities.

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